Wealth management means a holistic and comprehensive approach to managing financial resources or assets to achieve optimal financial objectives and goals. The focus is not on investment advice alone but on a wide range of financial aspects like investment management, tax management, retirement planning, etc. The aim of wealth management is to help people protect and grow their assets so that it’s in line with their long-term financial goals. While you can opt for wealth managers to help manage your money, wealth tech companies, with their innovations and use of the latest technology, are the preferred choice of many people. To simplify things for you, Top 10s Only has carefully put together a list of the Top 10 Wealth Management Fintech Companies In India. We recommend you check these out before investing your hard-earned income!
List Of Top 10 Best Wealth Management Fintech Companies In India
Wealth management companies employing the latest financial technology have become major players in the financial services domain. These companies offer digital solutions for wealth management by providing online investment, automated financial advice, portfolio management, and more. These fintech companies use the latest technology, like machine learning and artificial intelligence, to give personalized services to their customers. They provide insights that are data-driven and that help customers make smarter decisions. We have curated a list of the top 10 companies that offer innovative solutions for managing wealth.
1. Zerodha
Zerodha is one of the most prominent and reliable fintech companies in India. It has transformed the way people trade and invest as it gives its users access to the stock market through an easy-to-use platform. It is the first discount broker in the country and is among the largest stock brokers. The Zerodha platform is technology driven and empowers investors as well as traders with its low-cost trading and comprehensive tools to help manage their wealth. The company has more than 5 million clients and contributes to more than 15% of retail orders in India through investment and trading daily in India.
Founder And History
Touted as one of the top wealth management fintech companies, Zerodha was founded by internet entrepreneur Nithin Kamath. Zerodha began functioning on August 15, 2020. The company was started with the focus on removing all barriers faced by investors and traders in terms of technology, support, and cost. It was named Zerodha, where “Rodha” means barrier in Sanskrit, so technically, Zerodha means Zero Barriers. Nithin started this company to overcome the challenges he faced as a trader for a decade.
Location
Zerodha is a Bengaluru-based fintech company that has its headquarters in the same city.
Total Funding
Approx $762M
Current Value
$2 Billion+
Business model
The company follows multiple models of service, B2C and B2B. It also follows a Low Margin High Volume model where it charges a nominal amount for transactions, and hence the trading volume is high.
Services Offered By Zerodha
This top-rated wealth management fintech company offers online brokerage services to investors and also a suite of products like commodities, mutual funds, currency trading, direct equity, bond investments, margin funding, and insurance policies. They offer a web-based and mobile application for the real-time market, order placement, and advanced charting tools. They also have goal tracking and mutual fund analysis, thus making them a completely successful wealth management fintech company.
Subscription
Paid where they charge based on the transactions and services opted for.
Personal Managers Availability
No
Website
Online Presence
https://twitter.com/zerodhaonline
https://www.facebook.com/zerodha.social
https://www.instagram.com/zerodhaonline/
App Link
Play Store
https://play.google.com/store/apps/details?id=com.zerodha.kite3
App Store
https://apps.apple.com/in/app/kite-zerodha/id1449453802
2. 5Paisa
5Paisa is one of the fastest-growing discount stockbrokers in India, where they guarantee the safety of your money and also provide handsome returns. The company uses the latest cutting-edge technology to provide innovative solutions for an easy and hassle-free online trading experience. It is one of the best discount broker fintech companies where users can invest in a bouquet of financial products. Users can also browse through their collection of blogs and articles to enhance their stock market knowledge and manage their wealth more effectively.
Founder And History
The company was founded by Prakarsh Gagdani in 2015. It is backed by one of the premier financial services firms, IIFL. It was founded to leverage the changing landscape of financial services and build a platform that empowers individuals to manage their wealth through trading and investing. Its affiliation with IIFL gives experience as well as credibility to the company, which has made a great impact in the online brokerage and wealth management space.
Location
5Paisa is one of the top 10 wealth management companies in India. It is headquartered in Thane, Maharashtra.
Total Funding
Approx. $723M
Current Value
NA
Business model
This Indian fintech company follows a B2C business model. It is a model where the business provides products and services directly to the end user.
Services Offered By 5Paisa
5Paisa offers a range of financial services for investing, online trading, and personal finance. It includes portfolio advisory services, trading in stocks, derivatives, commodities, currency, etc. The other services are SIP, loans, Bonds, ETFs, Mutual Funds, and US Stocks.
Subscription
Paid where they charge based on the transactions and services opted for.
Personal Managers Availability
Yes. You can avail of the services of expert personal wealth managers to get trading calls for premium derivatives.
Website
Online Presence
https://t.me/fivepaisaofficial
https://www.instagram.com/5paisa/?igshid=xwd1zr6hava1
https://www.facebook.com/5paisa
Helpful Videos
5Paisa
App Link
Play Store
App Store
https://apps.apple.com/in/app/5paisa/id1156366609&referrer=utm_source=website&utm_medium=icon
3. Fisdom
Still looking for the best wealth management fintech companies in India? Why not give Fisdom a try? Fisdom is a digital wealth platform that provides a wide range of financial services and products for wealth management. They are one of the pioneers in the industry and have brought many innovations to the wealth tech domain. The platform offers seamless integration through the mobile apps of partner banks, providing a user-friendly and convenient experience. The company follows a hybrid distribution model where there is access to digital services as well as assisted options. They hand-hold the customer through the entire life cycle and offer wealth product solutions that suit the financial needs of the clients, making it a one-stop place for wealth management.
Founder And History
The founders of this wealth management fintech are Anand Dalmia and Subramanaya SV. Fisdom started operations in 2015. The company was started with the goal of making the investment process accessible, simple, and, most importantly, trustworthy. Before the UPI revolution, investing was a pain, with even KYC verification taking a long time. Plus, the use of apps for financial transactions was only for e-commerce and all this changed slowly and steadily. Fisdom was India’s first company to digitize the KYC process and account opening. The first to use a payment gateway for mutual fund transaction processing and the first to make NPS digitized. As per the founder and CEO, there is more they want to do, and they are just starting.
Location
This top emerging fintech is headquartered in Bengaluru, Karnataka.
Total Funding
$44.3M
Current Value
$143M
Business model
This financial technology-integrated company follows a diverse range of models, which include B2B and B2C, and also offers product-based services.
Services Offered By Fisdom
This is a fintech company that provides a one-stop wealth solution for all financial needs. The services offered are mutual fund investments, lending, tax filing, personal finance advisory, NPS, and gold ETFs. They also have wealth product solutions and help with the entire life-cycle of investments.
Subscription
There are free as well as paid services.
Personal Managers Availability
Yes. You can avail yourself of the services of their wealth management experts to gain generational wealth.
Website
Online presence
https://www.facebook.com/fisdom
https://www.linkedin.com/company/fisdom/
https://www.instagram.com/fisdom/
App Link
Play Store
https://play.google.com/store/apps/details?id=com.finwizard.fisdom&b=90
App Store
https://apps.apple.com/us/app/fisdom-mutual-fund-app/id1099148115
4. Paytm Money
Paytm stands as a prominent online fintech enterprise in India, simplifying digital payments. Its initial purpose was to streamline online transactions for both customers and merchants. However, as its usage grew extensively, its offerings diversified, including the emergence of Paytm Money. This branch serves as Paytm’s Wealth Management and Investment Services sector, providing a platform for a range of financial investments and wealth management solutions. Paytm Money strives to render the investment procedure effortless and within reach for all, facilitated by its user-friendly interface.
Founder And History
This top fintech company, established in 2017, has Varun Sridhar as its founder. The main focus of Paytm Money is to bring a completely digital investing experience to its users.
Location
It is headquartered in Noida, Uttar Pradesh. It has branches in New Delhi and Bengaluru.
Total Funding
$4.64B
Current Value
NA
Business Model
Paytm Money is listed among the best fintech wealth management companies in India. The company adopts a varied array of approaches, encompassing both B2B and B2C models, while also providing services based on distinct financial products.
Services Offered By Paytm Money
Paytm Money is a fintech that provides a platform with the goal of delivering comprehensive wealth management and end-to-end investment solutions. It offers investments in mutual funds from all Indian AMCs. Paytm Money also offers advisory services, investment ideas, and NPS.
Subscription
Both free and paid services are available.
Personal Managers Availability
Yes. You can avail of the services of fund managers who will give ample guidance regarding wealth management techniques.
Website
Online Presence
https://www.facebook.com/PaytmMoney/
https://twitter.com/paytmmoney
App Link
Play Store
https://play.google.com/store/apps/details?id=com.paytmmoney
App Store
https://apps.apple.com/app/paytm-money/id1344431352?ls=1
5. Groww
Groww is a web-based platform for investments like mutual funds, stocks, etc., where users can find the best options for investments without any hassles. It is one of the NextBillion Technology fintech companies that focuses on wealth management. The company is one of the pioneers in direct access platforms for mutual funds and boasts over 20 million users. The Groww platform aims to make investment transparent, accessible, simple, and paperless. Users can use this platform to manage their personal finances and also withdraw money as and when needed. They also offer personalized recommendations to help make informed decisions.
Founder And History
In 2016, Ishan Bansal, Lalit Keshre, Neeraj Singh, and Harsh Jain, all former employees of Flipkart, came together to establish Groww. The main goal of this fintech company was to make the investment process accessible to young people by making the process simple. During their founders’ stint on Flipkart, they watched the e-commerce boom and realised that providing investment solutions using technology is the next big thing. They understood that people had money and wanted to invest in a secure and safe solution. They took some time, analysed, and came up with a direct distribution platform for mutual funds. Since then, it has become one of the most popular wealth management fintech platforms in India.
Location
It is headquartered in Bengaluru, Karnataka.
Total Funding
$393.2M
Current Value
$3 billion
Business Model
The company follows a B2C and product model. It charges a nominal fee, which is paid by the mutual fund company and not by the user.
Services Offered By Groww
It is one of the financial services platforms where users can invest in stocks, mutual funds, SIPs, loans, US stocks, F&Os, and IPOs.
Subscription
There are free as well as paid services.
Personal Managers Availability
Yes. You can avail of the services of our fund managers for making wise investments.
Website
Online presence
https://www.facebook.com/growwapp
https://www.instagram.com/groww_official/
Helpful Videos
Groww
App Link
Play Store
https://play.google.com/store/apps/details?id=com.nextbillion.groww&hl=en&gl=US
App Store
https://apps.apple.com/in/app/groww-stocks-mutual-funds/id1404871703
6. FundsIndia
It is one of the easiest investment platforms that is available only online. The platform that started as a mutual fund-only investment has expanded its portfolio to allow investors in India and abroad to invest in other financial products, making it one of the leading wealth management fintech companies. When this platform is used, clients get access to financial products from leading financial institutions that offer BSE and NSE stocks, mutual funds, corporate FDs, and more. The FundsIndia platform is known for its value-added services and flexible and innovative financial solutions. It can be deemed a one-stop destination for wealth management.
Founder And History
The founders of this company are C. R. Chandrashekhar and Srikanth Meenakshi. The company began its operations in 2009 as a mutual fund platform with a vision to create an investment platform of global standards and a sophisticated investment guidance system. This wealth management fintech company has, over time, used the latest technology to come up with many investment products beyond mutual funds that assist the users in making better investment decisions through its advanced platform, managing their wealth better, and reaching their financial goals.
Location
FundsIndia is headquartered in Chennai, Tamil Nadu.
Total Funding
$16.6M
Current Value
$36.7M
Business Model
The company follows a diverse range of models which includes B2B, and B2C and also offer product-based services.
Services Offered By FundsIndia
It allows investments in equities, corporate deposits, gold, SIPs and other financial products. It also provides loan and insurance services. There is a dedicated financial advisory service to help manage wealth better. It has Flexi-SIP options to help investors change their investment choices based on their financial conditions.
Subscription
There are free as well as paid services.
Personal Managers Availability
Yes. You can use the services of personal advisors to make wise investment choices.
Website
Online Presence
https://www.facebook.com/fundsindia
https://www.instagram.com/fundsindia/
https://twitter.com/fundsindia
https://www.linkedin.com/company/fundsindia
Helpful Videos
FundsIndia
App Link
Play Store
https://play.google.com/store/apps/details?id=com.fundsindia
App Store
https://apps.apple.com/in/app/fundsindia/id1047151768
7. ETMoney
ETMoney is a leading wealth management fintech company in India that provides services and tools to help users manage their wealth effectively. It is a prominent wealth tech player that offers a wide array of investment services ranging from financial tools to credit cards and personal loans. It is one of the fintech companies that is among the fastest growing in India, with the userbase growing exponentially in the past few years. ETMoney, through its one-app solution, helps you control your finances in a paperless manner.
Founder And History
ETMoney was founded by Mukesh Kalra in 2015. This top Indian fintech company was established to make the financial journey of Indians easier and also drive the economy. Using the latest technology, this company sees a future where a middle-class Indian is empowered to make financial decisions that are well-informed so that the financial outcomes are better. The company launched an app called SmartSpends, which was later named ETMoney.
Location
ETMoney is headquartered in Gurgaon, Haryana.
Total Funding
NA
Current Value
$3 billion
Business model
The company follows a diverse range of models, which include B2C and service models.
Services Offered By ETMoney
It is an app-based platform where users can invest in mutual funds, get guaranteed FD interests, and be assured pension through NPS. They can also get insurance policies and loans through the platform. There are various financial tools on offer where you can calculate your returns on mutual funds, SIPs NPS, etc. It also provides resources for financial education and tracking market trends.
Subscription
There are free as well as paid services.
Personal Managers Availability
Yes. You have the option to utilise the assistance of personal advisors to make informed investment decisions regarding the management of your assets.
Website
Online Presence
https://www.instagram.com/etmoney_official/
https://www.facebook.com/ETMONEY/
Helpful Videos
ETMoney
App Link
Play Store
https://play.google.com/store/apps/details?id=com.fundsindia
App Store
https://apps.apple.com/in/app/fundsindia/id1047151768
8. Cube Wealth
Cube Wealth is a wealth management platform that offers automated subscription-based services. It is an app that suits busy professionals, as it provides investment advice on various investment options. The platform helps create a portfolio with assistance from wealth advisors. The biggest USP of this app is that its entire portfolio can be managed with one application. The wealth managers who assist the users are highly experienced and provide valuable insights. It provides access that was earlier given only to high-worth individuals.
Founder And History
Satyen Kothari, the visionary behind this enterprise, embarked on its journey in 2016. Cube Wealth marks his second entrepreneurial endeavour, with Citrus Payments being his inaugural project. Following the sale of his maiden venture, an influx of asset and wealth managers reached out to him. This experience illuminated the stark disparity between the affluent, who enjoyed the expertise of top-tier advisors, and the rest, who often encountered ineptitude, resulting in detrimental financial recommendations and losses. Motivated by a commitment to leveling the playing field, Satyen Kothari conceived Cube Wealth, a platform aimed at delivering equitable opportunities to all.
Location
Cube Wealth is the best Indian fintech, headquartered in Mumbai, Maharashtra.
Total Funding
$5.1M
Current Value
NA
Business Model
NA
Services Offered By Cube Wealth
It is an advisory and financial service platform where financial advisors give personalised recommendations. The users can make EMIs to achieve their financial goals and also invest in assets like gold, equities, MFs, P2P lending, etc.
Subscription
There are free as well as paid services.
Personal Managers Availability
Yes. There are personal advisors who may be used to make wise investments.
Website
Online Presence
https://www.facebook.com/bankoncube
https://www.instagram.com/bankoncube/
App Link
Play Store
https://play.google.com/store/apps/details?id=com.citruspay.cube
App Store
9. Sqrrl Fintech
Sqrrl Fintech is one of the leading top ten fintech platforms that is focused on helping young Indians with their savings and investments. The platform focuses on keeping things easy and simple, and it is not about saving chunks of money but making small investments with just a few clicks. It is a wealth management app-only platform with investment products centred around mutual funds. Technology is at the forefront of providing simplified personal finance to many young Indians.
Founder And History
Sqrrl Fintech was founded in 2017 by Dhananjay Singh, Sanjeev Sharma, and Samant Sikka. It was created with the aim of providing simplified personal finance to young Indians. From 2006 to 2016, the cofounders observed that there was a dip in household savings. They saw that spending was easy and saving was difficult. To bridge this gap between spending and savings patterns, they decided to tap the Gen Z and millennial markets.
Location
Sqrrl Fintech is headquartered in New Delhi.
Total Funding
$1.47M
Current Value
NA
Business Model
It is a combination of B2C and B2B.
Services Offered By Sqrrl Fintech
It is an app-only solution for mutual-fund-powered investment and savings products. SIPs Goal based investments, lump sum investments, Personal loans, FDs, and Tax are some of the services that come under this app.
Subscription
There are free as well as paid services.
Personal Managers Availability
Yes. You have the option to utilize the expertise of personal advisors to assist you in making prudent investment decisions.
Website
Online Presence
https://www.instagram.com/sqrrlaway/
https://www.facebook.com/sqrrlaway/
App Link
Play Store
https://play.google.com/store/apps/details?id=in.sqrrl.app.sqrrlapi
App Store
https://apps.apple.com/in/app/sqrrl/id1160797219?ls=1
10. Kuvera
Kuvera is a personal finance planning platform that provides robo-advisory. It uses the latest technology to help users make informed decisions based on their financial goals. This fintech is one of the leading companies in the robo-advisory sector and has a strong foothold in fund-based robo-advisory. Kuvera prides itself on making its users their wealth advisors and has over 1 million investors. The USP of the company is that it does not push sales but provides investment guidance and advice to its investors. It also allows importing other transactions to track all investments in a single app.
Founder And History
Gaurav Rastogi is the founder of Kuvera, which was launched in 2016. The company was started with the mission of making investing simple. From goal planning to fund selection, everything is done transparently. The company calls itself a friendly investment community.
Location
Kuvera is headquartered in Bengaluru, Karnataka.
Total Funding
$4.8 M
Current Value
NA
Business Model
Kuvera, a pioneering Indian fintech company, introduced direct plans, revolutionising the industry. With an evolving platform, it aims to deeply engage with users, shaping their investment journey based on community input.
Services Offered By Kuvera
Users can invest in mutual funds, US and domestic stocks, fixed deposits, gold, etc. It also comes with other tools like calculators, tax harvesting, consolidating transactions, goal setting, and more.
Subscription
There are free services.
Personal Managers Availability
No
Website
Online Presence
https://www.facebook.com/kuvera.in/
https://in.linkedin.com/company/kuvera-in
https://www.instagram.com/kuvera.in/
Helpful Videos
Kuvera
App Link
Play Store
https://play.google.com/store/apps/details?id=com.gooogle.android.kuvera.app
App Store
https://apps.apple.com/us/app/kuvera-direct-mutual-fund/id1329701793
Invest Safely With The Top Wealth Management Fintech Companies In India
The landscape of financial technology is in a constant state of evolution, driving transformative changes in how people manage their wealth. The list of the leading ten companies mentioned above has played a pivotal role in reshaping the approach to wealth management. These visionary companies, a few of them are India’s leading innovative startups, offer ingenious platforms encompassing automated investment strategies, advanced financial planning tools, and much more, fundamentally revolutionising the principles of wealth administration.
For a deeper insight into the realm of personal finance management, we encourage you to explore our article that lists the top 10 personal finance management companies in India. Delve into their innovative solutions, understand how they’ve redefined wealth management, and gain valuable insights into navigating your financial journey effectively.
Frequently Asked Questions About Top Indian Wealth Management Fintech Companies
1. How do I choose the right wealth management fintech company?
Consider factors like track record, reputation, range of services, personalised approach, and alignment with your financial goals when selecting a wealth management company.
2. What services do the good wealth management fintech companies in India offer?
Traditional wealth management companies offer a range of services, including investment advisory, portfolio management, financial planning, tax optimisation, estate planning, and personalised wealth solutions tailored to clients’ financial goals. Fintech wealth management involves the use of cutting-edge technology, such as AI-driven solutions, to render services to users.
3. What are the top 10 wealth management fintech companies in India?
The top 10 wealth management fintech companies in India include Groww, Zerodha, Paytm Money, Kuvera, ETMONEY, Fisdom, Sqrrl Fintech, 5Paisa, FundsIndia, and Cube Wealth.
4. Are these fintech wealth management companies regulated and safe to use?
Yes, most of the top wealth management companies in India are regulated by relevant authorities like SEBI, ensuring a certain level of safety and transparency in their operations.
5. How is fintech shaping asset and wealth management in India?
Fintech is profoundly shaping asset and wealth management by introducing advanced technologies like AI, data analytics, and automation. These innovations enable more personalised investment strategies, real-time portfolio tracking, and efficient risk assessment. As a result, investors experience increased accessibility, transparency, and optimised decision-making in managing their assets and wealth.